Empire Metals - EEE

Hi All...
Been a while!
To be honest...i haven't been trading very much at all!

Empire metals - EEE. Daily chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...Jgu6F+dCgquL3EeSyU8=

I have bought chunks of this in the last few days or so....
A little late to the show...but i wanted to see more evidence of a bull run before committing. So my buys have been 3.5p and above.

4p target initially... for the trend channel but i think this will test the best levels of 2020 so 5.5p/6p area. I think this should continue to make higher highs in my opinion..

Lets see... just a little heads up if its of interest...
As always
wdik..Dyor and keep well folks...
Trendfriend

eee- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...0tsE4E2kKloWnlHRY%3D

perfect retest at 4p of the resistance now support level.
Always a good sign when price action respects the technicals.
lets see 6p looks very likely now.

do think this can do more potentially.

atb, wdik, dyor,
trendfriend

eee- daily
uk.advfn.com/p.php?pid=chartscreenshotsh...g0ONpW7j4gW5+6rVyPw=

Looks very much like a bull flag/pennant breakout out here!
RSI held support perfectly during the consolidation and all 3 Ema moving lines are pointing nicely north...could go really bonkers?!?!

Anyway i added a few more this morning...lets see.

atb, wdik, dyor
trendfriend

eee- daily
uk.advfn.com/p.php?pid=chartscreenshotsh...Vj5wWft6DBJkJTD4g%3D

The 6p target has been hit and exceeded here.
The plan was to exit around 6p...however the news flow seems to be very positive from the company so i have gone against the trading plan and added more on the dips!

Lets see i think from the chart the mid to high 7's looks very achievable short term possibly higher?
This was 3.70p when i first posted bout it in July...so its been a good run!

atb, wdik, dyor,
trendfriend

www.thisismoney.co.uk/money/investing/ar...610.1698507327&_gl=1

Very interesting article!

I managed to get some on the dip last week (around 11p)


So interesting news for breakfast digestion today:

Video interview for a quick overview:


The interview follows 2 RNS's this morning

One confirming a Saudi investor bought in at 11p

polaris.brighterir.com/public/georgian_m...ws_rns/story/rn4pgnx



Second confirmed the high quality of the holes drilled prior to Christmas break:

polaris.brighterir.com/public/georgian_m...ws_rns/story/rdl973x


22 January 2024

Empire Metals Limited

('Empire' or the 'Company')



Recent Drilling Confirms Extensive, Shallow High-Grade Bedded Titanium Mineralisation



Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce the analytical lab results from the recently completed Reverse Circulation ('RC') drilling programme at the Pitfield Project in Western Australia ('Pitfield' or the 'Project'), which has successfully identified extensive, shallow zones of high-grade, bedded sandstone-hosted TiO2 mineralisation.



Highlights



· Analytical lab results have now been received for the entire 40 RC drillhole programme completed in December 2023, confirming:

o TiO2 mineralisation present in every metre, starting from or near surface, in all holes drilled;

o all drillholes ended in TiO2 mineralisation; and

o broad, higher-grade TiO2 mineralisation in the sandstone-rich beds, which consistently return higher-grade TiO2 mineralisation than the adjacent conglomerate or siltstone-rich beds.



· The RC drilling has shown that the shallow sandstone-rich beds, and the associated higher-grade TiO2 mineralisation, are continuous with the deeper high-grade diamond drillhole intersections drilled in Q4 2023 (DD23TOM001 and DD23COS001; RNS dated 29 November 2023) confirming that there is an abundance of thick, strongly mineralised sandstone beds that come to surface within broad, plus 1.5km wide areas of this giant mineral system and that these mineralised beds have a strike extent of at least 6 to 7km.



· Every drillhole encountered thick intervals of higher grade TiO2 mineralisation (refer Table 1. Significant Intercepts), with a select number of the more outstanding drill intervals highlighted as follows:

o RC23TOM002 intersected 168m @ 6.91% TiO2 from 12m;

o RC23TOM003 intersected 180m @ 6.14% TiO2 from 0m;

o RC23COS004 intersected 154m @ 5.50% TiO2 from 0m; and

o RC23COS005 intersected 148m @ 6.18% TiO2 from 6m.



· It is clear from the results of this RC drilling that the higher-grade mineralisation is found within the more highly altered sandstone beds. The conglomerates and the siltstones are still mineralised, but not to the same extent as the sandstones. This provides a targeting tool for further exploration where previous mapping and rock chip sampling identified high-grade TiO2 mineralisation within sandstones that can be prioritised for the next round of drilling.



? Additional RC drilling, which is planned to commence later this quarter, will focus on further testing the known areas of extensive, thick, shallow, sandstone-rich beds containing higher grade TiO2 mineralisation as well as several new target areas of high-grade potential identified along the length of the coincident regional magnetics-gravity anomaly



· Mineralogical studies and metallurgical test work being expanded towards accelerating the economic development of the Pitfield Project.



Shaun Bunn, Managing Director, said: "This second, highly successful RC drilling campaign has identified extensive shallow sandstone-rich beds that contain higher-grade titanium mineralisation, verifying our geological models and providing a high degree of confidence in our ability to target higher grade mineralisation elsewhere within this giant mineral system, which will allow us to accelerate other activities essential for the economic development of this project. A key highlight from all of our drilling to date is that out of the 61 RC holes and the three diamond drill holes completed so far, all but one RC drillhole intercepted thick beds of high-grade TiO2 mineralisation, and that the single barren RC drill hole was terminated near surface due to thick sand cover that collapsed the drill collar. Subsequent RC drilling below the sand cover has confirmed TiO2 mineralisation.



"Our third RC drilling campaign is scheduled to start this quarter and we are extremely excited by the prospect of making further high-grade discoveries along the 40km by 8km giant mineral system as well as providing additional metallurgical samples of the already proven areas of near surface, higher-grade mineralisation, which we see as integral in supporting an economic mine development plan."



Empire holds a 70% interest in Pitfield which is comprised of four granted Exploration Licences (E70/5465, E70/5876, E70/6320 and E70/6323) covering 1,042km2. Pitfield is located near Three Springs, a town 313km north of Perth, Western Australia on the Midlands Road, which until the opening of the Brand Highway in 1975 was the main road route from Perth to the state's north (refer Figure 1).